If you thought 7 percent mortgage rates were bad, the housing market just delivered another surprise. The average top tier 30 year fixed mortgage rate reached 7.50 percent Monday and climbed to 7.58 percent Tuesday, according to Mortgage News Daily. That is the highest level since April 2024. And yes, you may still see 7.03 percent quoted elsewhere. That number is real, but it comes from Freddie Mac’s weekly survey released September 24. Freddie Mac collects application data across the…
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7.5% Mortgage Rates Are Here. What Happens to the Housing Market Now?
If you thought 7 percent mortgage rates were bad, the housing market just delivered another surprise. The average top tier 30 year fixed mortgage rate reached 7.50 percent Monday and climbed to 7.58 percent Tuesday, according to Mortgage Ne
